Grace And Truth Community Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,691,723 | 1,572,313 | 119,410 | 2.4 | 8% |
| 2012 | 473,550 | 348,742 | 124,808 | 15.3 | 42% |
| 2013 | 1,193,383 | 532,401 | 660,982 | 24.9 | 31% |
| 2014 | 465,965 | 342,080 | 123,885 | 43.2 | 38% |
| 2015 | 316,373 | 316,675 | −302 | 46.6 | 37% |
| 2016 | 10,952 | 259,045 | −248,093 | 46.2 | 26% |
| 2017 | 390,236 | 271,224 | 119,012 | 53.8 | 11% |
| 2018 | 580,002 | 625,080 | −45,078 | 7.0 | 11% |
| 2019 | 518,468 | 1,050,858 | −532,390 | -6.8 | 10% |
| 2020 | 353,566 | 454,702 | −101,136 | -18.3 | 15% |
| 2021 | 179,740 | 361,631 | −181,891 | -29.1 | 22% |
| 2022 | 238,219 | 346,001 | −107,782 | -38.5 | 32% |
In its most recent public year (2022), this organization spent $107,782 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-38.5 months), down from 2.4 in 2011. Staff pay was 32% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2022. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
A new entry when its next filing is released. No account, no email; works in any feed reader, Slack, or automation tool. How following works